Insolvency resources and insights
Helpful resources on insolvency, business resilience and Voluntary Administration in New Zealand
Part 4: When a Statutory Demand matures
Explore the fourth part of our Statutory Demand series, focusing on what happens when demands mature. Learn about the Application for Liquidation Order process, critical timelines, and your crucial 10-working-day window to appoint your own Administrator or Liquidator. This essential guide helps business owners understand what happens when a statutory demand matures and timing considerations.
Part 3: The Creditor and the Statutory Demand
Discover the intricacies of Statutory Demands in the third part of our series. Learn about common errors that could render a demand invalid, such as incorrect amounts and disputes. Understand your rights as a debtor, and explore strategic alternatives like Voluntary Administration. This article offers essential insights for small business owners facing a Statutory Demand.
Part 2: The life cycle and purpose of a Statutory Demand
Whether you have just received a statutory demand or are concerned about the possibility of one, our Statutory Demands blog series will serve as your practical roadmap through the process. Part 2 takes a look why a creditor issues a Statutory Demand and what must take place to ensure it has been served properly.
Part 1: The arrival of a Statutory Demand
Whether you have just received a statutory demand or are concerned about the possibility of one, our Statutory Demands blog series will serve as your practical roadmap through the process. In part 1, we take a look at the important information on a Statutory Demand that you must address.
Company Liquidation – the real cost and who pays
The impact of a company going into liquidation hits owners and shareholders hard. But it doesn’t stop there. From employees to IRD, we take a look at the real cost of liquidation and who pays the price.
What to expect if you’re served a Statutory Demand
Received a statutory demand? Understanding the statutory demand process is your best chance to avoid liquidation. Make sure you understand your rights and the tight timeframes within which you must act.
Statutory Demands: Is IRD’s Covid-related leniency reaching its limit?
We were expecting to be busy when Covid first hit, but the predicted economic carnage didn’t materialise. And that’s largely down to the Government’s wage subsidy policy.
How to defeat the threat of liquidation
As insolvency experts, we see companies go into liquidation everyday. The tragedy is that most businesses could have been saved if they had sought insolvency advice early...